Accounting Fortis

Campus Colleges > Business > Accounting Degree

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Accounting

Accounting is the language of business, providing the tools to report business transactions both internally and externally. Accountants record, organize, and analyze business information to provide management with the necessary data to make informed decisions. The Accounting Program at Fortis is designed to emphasize oral and written communication, computer technology, problem solving, critical thinking, and working as a member of a team. The program first establishes a solid foundation of both financial and managerial accounting knowledge. Students create and analyze financial statements as well as determine relevant cost information for maximizing profitability. Students learn how to document an accounting system to provide information regarding internal controls. Most importantly, students learn how the Sarbanes-Oxley Act has changed the accounting profession and why ethics is the cornerstone to relevant and reliable accounting information.

In the program students will learn to prepare financial statements (balance sheet, income statement and statement of cash flow) that are in compliance with generally accepted accounting principles as well as analyze financial statements using ratio analysis to determine the long-term viability of a firm. Students will utilize available software packages (Quickbooks and Excel) to prepare financial statements and financial statement ratios and learn to document accounting cycles (e.g., revenue cycle) that consider both ethical and internal control constraints. They will also analyze costing data to determine the impacts of breakeven points, leverage, and sensitivity on a firm's profits and be able to identify the implications of Sarbanes-Oxley and ethics on the accounting profession.